The Finance Faculty Research and Publications Series is comprised of books and articles published by Marquette University's finance faculty.
Submissions from 2024
Family Firms' Cross-Border Mergers and Acquisitions, Matteo P. Arena, Michaël Dewally, Bharat A. Jain, and Yingying Shao
Submissions from 2023
Litigation Risk Management Through Corporate Payout Policy, Matteo Arena and Brandon Julio
The Impact of Stakeholder Orientation on Tax Avoidance: Evidence from a Natural Experiment, Gary Chen, Ani Manakyan Mathers, Bin Wang, and Xiaohong Wang
Institutional Investors and Corporate Environmental and Financial Performance, Steve M. Miller, Bin Qiu, Bin Wang, and Tina Yang
Submissions from 2022
Don't interfere with my rights! Employee Rights Violation and the Cost of Bank Loans, Amirhossein Fard, Ibrahim Siraj, and Bin Wang
Monitoring Institutional Ownership and Corporate Innovation, Steve Miller, Bin Qiu, Bin Wang, and Tina Yang
Submissions from 2021
Securities Litigation and Corporate Tax Avoidance, Matteo Arena, Bin Wang, and Rong Yang
Specialization and Institutional Investors’ Performance – Evidence from Publicly Traded Real Estate, Eli Beracha, George D. Cashman, and Hilla Skiba
Option Trading and REIT Returns, George D. Cashman, David M. Harrison, and Hainan Sheng
Corporate Social Responsibility and Information Flow, Gary Chen, Bin Wang, and Xiaohong Wang
Corporate Innovation in A World of Common Ownership, Cheng-Huei Chiao, Bin Qiu, and Bin Wang
Independent Directors' Dissensions and Firm Value, Wonseok Choi, Monika K. Rabarison, and Bin Wang
Institutional Investors and Bank Governance: An International Analysis of Bank Earnings Management, Steve M. Miller, Rabih Moussawi, Bin Wang, and Tina Yang
Submissions from 2020
Fight or flee: Outside director departures prior to contested management buyout offers, Matteo Arena, Michaël Dewally, and Sarah Peck
How to Develop Successful and Ethical Investment Analysts: Marquette University's Applied Investment Management Program, Matteo Arena and David K. Krause
Shareholder Coordination and Corporate Innovation, Ani Manakyan Mathers, Bin Wang, and Xiaohong Wang
Early Termination of Small Loans in the Multifamily Mortgage Market, Anthony Pennington-Cross and Brent C. Smith
Submissions from 2019
Compensation Clawback Policies and Corporate Lawsuits, Matteo Arena and Nga Nguyen
Institutional Investors and Corporate Environmental, Social, and Governance Policies: Evidence from Toxics Release Data, Incheol Kim, Hong Wan, Bin Wang, and Tina Yang
The Density of Convenience Retail and the Type of Traffic - Commuting, Local and Retail, Kyle P. Koller and Anthony Pennington-Cross
The impact of post-trade transparency on price efficiency and price discovery: Evidence from the Taiwan Stock Exchange, Chiou-Fa Lin, Cheng-Huei Chaio, and Bin Wang
Residential Mortgage Default Forecasting: How Much Do Price Trends Matter? Part 2, Michael Sklarz, Norman Miller, and Anthony Pennington-Cross
Submissions from 2018
Corporate Litigation and Debt, Matteo P. Arena
A Global Analysis of Corporate Litigation Risk and Costs, Matteo P. Arena and Stephen P. Ferris
Boards of Directors and Firm Leverage: Evidence from Real Estate Investment Trusts, Trang Doan and Nga Nguyen
Labor Law and Innovation Revisited, Bill B. Francis, Incheol Kim, Bin Wang, and Zhengyi Zhang
Clawbacks, Holdbacks, and CEO Contracting, Stuart L. Gillan and Nga Nguyen
Shareholder Coordination and Stock Price Informativeness, Incheol Kim, Christos Pantzalis, and Bin Wang
Residential Mortgage Default Forecasting: How Much Do Price Trends Matter? Part 1, Michael Sklarz, Norman Miller, and Anthony Pennington-Cross
Local Investor Attention and Post-Earnings Announcement Drift, Bin Wang, Wonseok Choi, and Ibrahim Siraj
Submissions from 2017
Investment Bank Expertise in Cross-Border Mergers and Acquisitions, Matteo Arena and Michael Dewally
A Survey of Litigation in Corporate Finance, Matteo Arena and Stephen P. Ferris
Commercial Banking, Kent Belasco, John Grant, Patrick Schulz, and John Barrett
The Impact of Geographic and Cultural Dispersion on Information Opacity, George D. Cashman, David M. Harrison, Michael J. Seiler, and Hainan Sheng
Mortgage Losses: Loss on Sale and Holding Costs, Ben Le and Anthony Pennington-Cross
Innovation and Price Informativeness, Ani Manakyan Mathers, Bin Wang, and Xiaohong Wang
Shareholder Coordination, Information Diffusion and Stock Returns, Christos Pantzalis and Bin Wang
Submissions from 2016
How Informative Is Floating NAV When Securities Trade Infrequently?, Kyle D. Allen, George D. Cashman, and Drew B. Winters
Clawback Provisions in Real Estate Investment Trusts, George D. Cashman, David M. Harrison, and Christine A. Panasian
Capital Structure and Political Risk in Asia-Pacific Real Estate Markets, George D. Cashman, David M. Harrison, and Michael J. Seiler
Cross-Border Investment and Firm Liquidity, George D. Cashman, David M. Harrison, Michael J. Seiler, and Hainan Sheng
Determinants of Industrial Property Rents in the Chicago Metropolitan Area, David E. Clark and Anthony Pennington-Cross
Drivers Behind the Monitoring Effectiveness of Global Institutional Investors: Evidence from Earnings Management, Incheol Kim, Steve Miller, Hong Wan, and Bin Wang
Submissions from 2015
The Effects of Securities Class Action Litigation on Corporate Liquidity and Investment Policy, Matteo P. Arena and Brandon Julio
Territorial Tax System Reform and Corporate Financial Policies, Matteo P. Arena and George Kutner
Network Connections in REIT Markets, George D. Cashman, Stuart L. Gillan, David M. Harrison, and Ryan J. Whitby
Political Risk and the Cost of Capital in Asia-Pacific Property Markets, George D. Cashman, David M. Harrison, and Hainan Sheng
The Impact of Demographics and Millennials on Commercial Real Estate, Mark Eppli
Submissions from 2014
The Information Content of Option Ratios, Benjamin M. Blau, Nga Nguyen, and Ryan J. Whitby
The Flash Crash: An Examination of Shareholder Wealth and Market Quality, Thomas J. Boulton, Marcus V. Braga-Alves, and Manoj Kulchania
Advisor Choice in Asia-Pacific Property Markets, George D. Cashman, David M. Harrison, and Michael J. Seiler
Investor Behavior in the Mutual Fund Industry: Evidence from Gross Flows, George D. Cashman, Federico Nardari, Daniel N. Deli, and Sriram V. Villupuram
Measuring the Impact of Agglomeration on Productivity: Evidence from Chilean Retailers, Sergio Garate and Anthony Pennington-Cross
On the Compensation and Activity of Corporate Boards, Nga Nguyen
Differential Impacts of Structural and Cyclical Unemployment on Mortgage Default and Prepayment, Roberto G. Quercia, Anthony Pennington-Cross, and Chao Yue Tian
Submissions from 2013
The Discretionary Effect of CEOs and Board Chairs on Corporate Governance Structures, Matteo P. Arena and Marcus V. Braga-Alves
The Flash Crash: An Examination Of Shareholder Wealth And Market Quality, Thomas J. Boulton, Marcus V. Braga-Alves, and Manoj Kulchania
Acknowledging Contributions to the Real Estate Literature, George D. Cashman and Joshua Fairbanks
Human and Social Capital in the Labor Market for Directors, George D. Cashman, Stuart L. Gillan, and Ryan J. Whitby
Commercial Property Rent Dynamics in U.S. Metropolitan Areas: An Examination of Office, Industrial, Flex and Retail Space, Maria R. Ibanez and Anthony Pennington-Cross
Catering Driven Substitution in Corporate Payouts, Manoj Kulchania
Market Microstructure Changes Around Accelerated Share Repurchase Announcements, Manoj Kulchania
Submissions from 2012
Firm Location and Corporate Debt, Matteo Arena and Michael Dewally
Mortgage Product Substitution and State Anti-predatory Lending Laws: Better Loans and Better Borrowers?, Raphael W. Bostic, Souphala Chomsisengphet, Kathleen C. Engel, Patricia A. McCoy, Anthony Pennington-Cross, and Susan M. Wachter
Convenience in the mutual fund industry, George D. Cashman
Investors Do Respond to Poor Mutual Fund Performance: Evidence from Inflows and Outflows, George D. Cashman, Daniel N. Deli, Federico Nardari, and Sriram V. Villupuram
Going Overboard? On Busy Directors and Firm Value, George D. Cashman, Stuart L. Gillan, and Chulhee Jun
Mortgage Default and Prepayment Risks among Moderate- and Low-Income Households, Roberto G. Quercia, Anthony Pennington-Cross, and Chao Yue Tian
Submissions from 2011
The Corporate Choice between Public Debt, Bank Loans, Traditional Private Debt Placements, and 144A Debt Issues, Matteo Arena
It Takes Two: The Incidence and Effectiveness of Co-CEOs, Matteo Arena, Stephen P. Ferris, and Emre Unlu
Accelerated Share Repurchases, Leonce Bargeron, Manoj Kulchania, and Shawn Thomas
Submissions from 2010
The Effect of Taxes on Multinational Debt Location, Matteo Arena and Andrew H. Roper
Pay-performance Sensitivity and Firm Size: Insights From the Mutual Fund Industry, George D. Cashman
Upheaval in the Boardroom: Outside Director Public Resignations, Motivations, and Consequences, Michael Dewally and Sarah Peck
The Role of Geographic Proximity And Industrial Structure In Metropolitan Area Business Cycles, Michael Hollar, Anthony Pennington-Cross, and Anthony Yezer
Investment Ethics, Sarah Peck
The Duration of Foreclosures in the Subprime Mortgage Market: A Competing Risks Model with Mixing, Anthony Pennington-Cross
The Termination of Subprime Hybrid and Fixed Rate Mortgages, Anthony Pennington-Cross and Giang Ho
Submissions from 2009
Takeover Exposure, Agency, and the Choice between Private and Public Debt, Matteo Arena and John S. Howe
Locating Decision Rights: Evidence from the Mutual Fund Industry, George D. Cashman and Daniel N. Deli
Submissions from 2008
Price Momentum and Idiosyncratic Volatility, Matteo Arena, K. Stephen Haggard, and Xuemin (Sterling) Yan
A Face Can Launch a Thousand Shares—and an 0.80% Abnormal Return, Matteo P. Arena and John S. Howe
Mortgage Product Substitution and State Anti-Predatory Lending Laws: Better Loans and Better Borrowers?, Raphael W. Bostic, Souphala Chomsisengphet, Kathleen C. Engel, Patricia A. McCoy, Anthony Pennington-Cross, and Susan M. Wachter
State and Local Anti-Predatory Lending Laws: The Effect of Legal Enforcement Mechanisms, Raphael W. Bostic, Kathleen C. Engel, Patricia A. McCoy, Anthony Pennington-Cross, and Susan M. Wachter
The Impact of State Anti-Predatory Lending Laws: Policy Implications and Insights, Raphael W. Bostic, Kathleen C. Engel, Patricia A. McCoy, Anthony Pennington-Cross, and Susan M. Wachter
The Delinquency of Subprime Mortgages, Michelle A. Danis and Anthony Pennington-Cross
Effective Basemetal Hedging: The Optimal Hedge Ratio and Hedging Horizon, Michael Dewally and Luke Marriott
Measuring the Drivers of Metropolitan Growth: The Export Price Index, Michael Hollar, Anthony Pennington-Cross, and Anthony Yezer
Teaching Business Ethics: The Departmental Perspective, David S. Krause and Sarah Peck
Predatory Lending Laws and the Cost of Credit, Anthony Pennington-Cross and Giang Ho
Submissions from 2007
When Managers Bypass Shareholder Approval of Board Appointments: Evidence from the Private Security Market, Matteo Arena and Stephen P. Ferris
Interest Rates in the Sub-Prime Mortgage Market, Souphala Chomsisengphet and Anthony Pennington-Cross
The Delinquency of Subprime Mortgages, Michelle A. Danis and Anthony Pennington-Cross
The Varying Effects of Predatory Lending Laws on High-Cost Mortgage Applications, Giang Ho and Anthony Pennington-Cross
Subprime Refinancing: Equity Extraction and Mortgage Termination, Anthony Pennington-Cross and Souphala Chomsisengphet
Submissions from 2006
The Evolution of the Subprime Mortgage Market, Souphala Chomsisengphet and Anthony Pennington-Cross
States Fight Predatory Lending Laws in Different Ways, Giang Ho and Anthony Pennington-Cross
The Impact of Local Predatory Lending Laws on the Flow of Subprime Credit, Giang Ho and Anthony Pennington-Cross
The Value of Foreclosed Property, Anthony Pennington-Cross
Submissions from 2005
A Dynamic Look at Subprime Loan Performance, Michelle A. Danis and Anthony Pennington-Cross